Orange County NC Website
Browse       Search
19 <br /> AP-15 Expected Resources <br /> Introduction <br /> The Orange County HOME Consortium expects to receive $378,743 in 2022 HOME funds, $85,217 in <br /> HOME Match funds, and $13,306 in HOME Program Income for the FY 2022-2023 program year. The <br /> program year is from July 1, 2022 through June 31, 2023. <br /> Anticipated Resources <br /> Program Source Uses of Expected Amount Available Year 1 Expected Narrative <br /> of Funds Annual Program Prior Year Total: Amount Description <br /> Funds Allocation: Income: Resources: $ Available <br /> $ $ $ Remainder <br /> of ConPlan <br /> HOME public Acquisition The <br /> - Homebuyer Orange <br /> federal assistance County <br /> Homeowner HOME <br /> rehab Consortium <br /> Multifamily will receive <br /> rental new $443,498 <br /> construction in annual <br /> Multifamily allocation <br /> rental rehab iii. plus <br /> New program <br /> construction income <br /> for <br /> ownership <br /> TBRA 1 $443,498 $13,306 0 1 $498,935 $784,098 <br /> Table 2-Expected Resources—Priority Table <br /> Explain how federal funds will leverage those additional resources (private, state and local <br /> funds), including a description of how matching requirements will be satisfied <br /> The Orange County HOME Consortium uses cash as the local Match for HOME funds.The estimated <br /> Match contribution for FY 2022-2023 is $99,787. <br /> In addition, Orange County leverages other funds from a variety of sources to address the needs <br /> identified in the plan, including but not limited to: <br /> • Home Repair and Rehabilitation: Orange County has received funds for home repair and <br /> rehabilitation under the North Carolina Housing Finance Agency's 2021 Urgent Repair Program <br /> ($100,000) and 2020 Essential Single-Family Rehabilitation Loan Pool program ($190,000). <br /> • Emergency Housing Assistance: Orange County leverages local funds from the County and <br /> Annual Action Plan 15 <br /> FY 2022-2023 <br />